Elevate Fund Accounting With Serenic Navigator
It’s a good year for nonprofit fundraising. The U.S. economy is strong and philanthropy is, too. According to Classy, recurring giving ranked highest on the list of nonprofit trends last year, and continues to take the spotlight in 2018.
Total charitable donations topped $390 billion in 2016 and are projected to rise by 3.8% in 2018, says Donorbox. The use of donor-advised funds and fundraising in general also are on the rise. A donor-advised fund (DAF), like a charitable savings account, allows donors to contribute and receive an immediate tax benefit. Donors give to the fund as frequently as they please and can recommend grants from the account to qualified charities.
But with more money comes more problems. As giving increases, many nonprofits don’t have the time or resources to manage their fund accounting processes. Luckily, you don’t need much of either.
Fund accounting simplified
Serenic Navigator is designed for mission-driven agencies. This financial management suite balances the impact and efficiency needs of the public and nonprofit sectors. Built on Microsoft’s leading Enterprise Resource Planning (ERP) system, Dynamics 365, Serenic Navigator streamlines your organization’s operations from fund accounting to grant, donor, and budgeting management. Like all BroadPoint’s solutions for nonprofits, Serenic Navigator is both robust and scalable – meaning it provides only as much functional support as you choose, with the ability to add applications at any time.
Data on demand
Big data clocks in at the number two fundraising trend in 2018, according to Donorbox. The private sector has been driving the data train for years; unfortunately, privacy concerns and a lack of data know-how have stunted the nonprofit sector from similar data gains.
But nonprofits no longer can claim ignorance of these digital trends. People expect charitable agencies to match their comfort and use of technology. In today’s fund accounting landscape, donors want their giving experiences to be easy. They expect to see the impact of their contributions, and they crave authenticity from their charities of choice.
BroadPoint understands the unique data requirements – and apprehensions – of nonprofits. Use Serenic Navigator to achieve the following data outcomes for your fund accounting operations.
· Generate reports to promote fundraising transparency
· Track progress on grants, funding, and spending
· Increase audit efficiency, cost allocation, and grant management
· Use built-in workflows to automate and standardize manual processes
· Store complex financial records electronically
· Consolidate data from various countries using multiple currencies.
Additionally, Serenic Navigator is user friendly for both internal and external stakeholders. Its intuitive interface provides an enhanced experience for your customers. And it offers flexible hosting options for your team. For example, deploy the solution onsite at your business or in the cloud using Microsoft Azure, which incorporates the added benefits of business continuity, disaster recovery, data security, and reduced infrastructure costs.
Are you ready to learn more about how Serenic Navigator can help your organization both simplify and enhance its fund accounting operations? BroadPoint is available for solution deployment and support for your staff. We also provide system management, help desk support, enhancements, and upgrades. Contact us today to learn more.